Altisource Residential (RESI) Declares $0.15 Special Dividend; 1.5% Yield
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Compass Point Cuts Price Target on Altisource Residential (RESI) to $14; Reiterates Buy
March 1, 2016 8:57 AM ESTCompass Point maintained a Buy rating on Altisource Residential (NYSE: RESI), and cut the price target to $14.00 (from $17.00), following the company's 4Q. RESI reported a 4Q15 GAAP EPS loss of -$1.18 on revenue of $24.1M. Management also announced the sale of 1,266 additional NPLs with UPB of $434M at a price close to RESI's carrying value.
Analyst Fred Small commented, "We reiterate our BUY rating on RESI and cut our price target from $17.00 to $14.00, representing upside of +49% and a total return of +57% including... More
Altisource Residential (RESI) Misses Q4 EPS Views; Will Acquire NPL Portfolio
February 29, 2016 7:31 AM ESTAltisource Residential (NYSE: RESI) reported Q4 EPS of ($1.18), $1.36 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $24.14 million versus the consensus estimate of $71.76 million.
Recent Developments
Agreed to sell a portfolio of 1,266... More